De*-novation – Denovation is a term I use to mark the opposite, the antonym of the term “in-novation”. “Anti-innovation” means that there are products in mass-production, with a large-scale design of use and perfect function and form, which do not benefit but harm humanity. If we review the concept of cigarettes and the nicotine business, alcohol, surrogates, etc., which in the economy are defined as “excise goods”,we will understand the very essential nature of this relationship.
Excise duties are one of the oldest forms of indirect taxation in the economy. They were introduced in the 17th century and represent a surcharge (additional tax) to the price of the goods that the consumer pays when buying.
The economist Adam Smith describes excise duties as follows: “The motive for the use of excise duties should be only the desire to limit the consumption of harmful to health and morals and wasteful goods and services,” which he calls “taxes of sin.” Denovations should not confuse the idea of innovation, as an ambassador, simply put, of the good, useful, facilitation and progress.
Risk reduction of anti-innovations, which are economically sanctioned in societies it must be a priority concern of a society aiming at an innovation economy.
In Bulgaria, the widespread and uncontrolled distribution of gambling, cigarettes (even without excise labels), alcohol, low-quality food and harmful ingredients has harmed society for years.
Proper understanding of the innovation economy begins with a serious organization of the spread of denovations in it.
*As a Latin prefix de- is very intensive in “down” meaning (like in degrade), it had the function of undoing or reversing a verb’s action, and hence it came to be used as a pure privative — “not, do the opposite of, undo”.